Brexit

Investors have plenty to digest this morning as their plates are full with the continuing earnings season as the entree, served with a side of news from overseas that could touch on global economic growth. Bank earnings continued to roll in. Bank of America (NYSE: BAC) beat expectations on its top...

Theresa May's Brexit proposal got rejected at with 432-202 votes Opposition Labor party will trigger a no-confidence vote today with Theresa May seen winning the vote as Conservatives are unlikely to face early elections amid lack of public support. The Bank of England Governor Mark Carney is...

Theresa May's Brexit deal dead in the water following humiliating defeat for withdrawal deal in British Parliament. Theresa May's European Union (EU) withdrawal bill looks dead in the water following a resounding defeat in Parliament that saw Members of Parliament voted by a majority of 230...

The British Parliament on Tuesday rejected Prime Minister Theresa May’s Brexit plan for leaving the European Union, a stunning defeat leaving Britain’s withdrawal from the common market up in the air. The vote was 432-202 against May’s plan, leaving in question how – and...

Theresa May's European Union (EU) Brexit withdrawal agreement is the preferred way forward for the freight industry, according to the Freight Transport Association (FTA). Members of Parliament will vote on whether to accept the British government's proposals. However, most observers agree...

Big bank earnings might get overshadowed a bit Tuesday by international events, including a key vote on Brexit and a possible China stimulus plan. Still, earnings remain front and center as a full set of major firms open their books today. Also front and center is the U.S. government shutdown....

The 13th resignation from Theresa May's government has added to her administration's woes on the eve of the meaningful Brexit vote that will take place tomorrow. May said that if the House of Commons rejects her deal then it will increase the chances of no Brexit. Assistant whip Gareth...

The British people voted in 2016 to leave the European Union with a divorce date set for March 29, 2019. But with less than 80 days until then, the British government has yet to reach a finalized agreement with the European Union to govern the exit and what their relationship will look after the...

The GBP/USD moved lower towards 1.2700 level even with No Brexit option admitted by UK Foreign Secretary. The UK Foreign Minister Hunt admitted a no Brexit possibility coming into the sight as Brexit deal impasse weighs. The UK manufacturing output fell -0.3% m/m in November after a revised...

The GBP/USD is trading little changed on the downside at around 1.2750 boosted by the dovish tone of the FOMC meeting minutes highlighting patience for the future moves on rates. The UK parliament banned the government to leave with a no-deal Brexit, in an attempt to avoid the worst case scenario...

Britain's parliamentarians today handed Theresa May a second defeat in two days for her government, with an amendment to the Brexit debate timetable that will force government to return with an alternative plan within three days if it loses the vote on the withdrawal agreement next Tuesday. A...

UK media report that the UK and European officials are discussing the possibility of extending Article 50, the Daily Telegraph reported on Monday evening. The UK Brexit Secretary Barclay said the government is not looking to extend Brexit leave date. Re-pricing of the outlook for the US rates is...